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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petards Group Plc | LSE:PEG | London | Ordinary Share | GB00B4YL8F73 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.50 | 7.00 | 8.00 | 7.50 | 7.50 | 7.50 | 25 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Security Systems Service | 9.42M | -1.05M | -0.0173 | -4.34 | 4.55M |
TIDMPEG
RNS Number : 3038F
Petards Group PLC
13 June 2012
13 June 2012
PETARDS GROUP PLC ("Petards" or the "Group")
CONTRACT AWARD
Petards, the AIM quoted listed developer of advanced security and surveillance systems, announces that the Ministry of Defence (MOD) has exercised its option to extend the Group's existing enabling contract to supply the MOD with private mobile radio equipment, ancillaries and engineering services.
Annual revenues arising from the contract are anticipated to be in excess of GBP1m over the contract term which now runs until September 2014. As well as supplying commercially available equipment, the contract also utilises Petards design engineering skills to identify and supply solutions to complex military communications requirements.
Commenting on the award Petards Group Finance Director Andy Wonnacott said "We are very pleased that MOD has confirmed the extension of this contract which we believe demonstrates MOD's satisfaction with the high level of customer service and experience that Petards provides in supporting their requirements."
In addition the Company can confirm that the notice convening the Company's Annual General Meeting and the Company's Annual Report and Accounts for the period ended 31 December 2011 have been dispatched to shareholders. The Company's Annual Report and Accounts and the Notice of its Annual General Meeting are available on the Company's website: www.petards.com.
Contacts:
Petards Group plc www.petards.com Andy Wonnacott, Group Finance Tel: 0191 420 3000 Director WH Ireland Limited www.wh-ireland.co.uk Mike Coe Tel: 0117 945 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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